Azzad Asset Management Inc. ADV Has $1.84 Million Stake in SPS Commerce, Inc. (NASDAQ:SPSC)

Azzad Asset Management Inc. ADV cut its position in SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 30.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,023 shares of the software maker's stock after selling 4,294 shares during the quarter. Azzad Asset Management Inc. ADV's holdings in SPS Commerce were worth $1,844,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of SPSC. SBI Securities Co. Ltd. acquired a new stake in shares of SPS Commerce during the 4th quarter worth about $40,000. Hurley Capital LLC purchased a new stake in shares of SPS Commerce during the fourth quarter worth approximately $41,000. Blue Trust Inc. grew its holdings in SPS Commerce by 49.1% during the fourth quarter. Blue Trust Inc. now owns 255 shares of the software maker's stock worth $47,000 after acquiring an additional 84 shares during the period. R Squared Ltd acquired a new position in SPS Commerce during the fourth quarter worth $57,000. Finally, Arcadia Investment Management Corp MI acquired a new position in SPS Commerce during the fourth quarter worth $57,000. Institutional investors and hedge funds own 98.96% of the company's stock.

SPS Commerce Price Performance

NASDAQ:SPSC traded down $1.18 during midday trading on Friday, reaching $140.55. 448,276 shares of the company traded hands, compared to its average volume of 246,073. SPS Commerce, Inc. has a twelve month low of $120.09 and a twelve month high of $218.61. The firm has a market capitalization of $5.34 billion, a price-to-earnings ratio of 68.90 and a beta of 0.81. The company has a fifty day moving average price of $138.18 and a 200 day moving average price of $159.61.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last announced its earnings results on Thursday, April 24th. The software maker reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.15. SPS Commerce had a return on equity of 12.27% and a net margin of 12.08%. The firm had revenue of $181.55 million for the quarter, compared to the consensus estimate of $179.57 million. During the same quarter in the previous year, the business earned $0.86 EPS. The firm's revenue for the quarter was up 21.4% on a year-over-year basis. On average, equities research analysts forecast that SPS Commerce, Inc. will post 2.73 earnings per share for the current fiscal year.

Analysts Set New Price Targets

SPSC has been the topic of a number of research reports. Needham & Company LLC restated a "buy" rating and issued a $210.00 price objective on shares of SPS Commerce in a report on Friday, April 25th. Stifel Nicolaus lowered their target price on SPS Commerce from $225.00 to $200.00 and set a "buy" rating for the company in a research note on Tuesday, February 11th. Northland Securities reiterated a "market perform" rating and issued a $181.00 target price (down previously from $209.00) on shares of SPS Commerce in a research note on Tuesday, February 11th. Piper Sandler lowered their target price on SPS Commerce from $198.00 to $175.00 and set a "neutral" rating for the company in a research note on Tuesday, February 11th. Finally, DA Davidson lowered their target price on SPS Commerce from $245.00 to $175.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, SPS Commerce currently has a consensus rating of "Moderate Buy" and an average price target of $195.38.

SPS Commerce Profile

SPS Commerce, Inc provides cloud-based supply chain management solutions in the United States and internationally. It offers solutions through the SPS Commerce, a cloud-based platform that enhances the way retailers, grocers, suppliers, distributors, and logistics firms manage and fulfill omnichannel orders, optimize sell-through performance, and automate new trading relationships.